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2220 West Giddings Street

Michael Horwitz Of Cross Street Real Estate Represents Buyer In Chicago Multifamily Sale For $1.025M
SOLDMultiFamily

Michael Horwitz Of Cross Street Real Estate Represents Buyer In Chicago Multifamily Sale For $1.025M

2220 West Giddings Street

$1,025,000

Building Size

Asset Type

MultiFamily

Closing

Sep 3, 2024

AI

The two-flat property at 2220 West Giddings Street in Chicago is a multifamily asset that sold for $1,025,000. The all-brick building features a 5-bedroom/2-bath duplex down and a 3-bedroom/1-bath unit on the top floor, offering versatile living or investment options in the Lincoln Square neighborhood.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,025,000
  • Address: 2220 West Giddings Street
  • Market: Chicago
  • Buyer's Representative: Michael Horwitz - Cross Street Real Estate
  • Seller's Representatives: David Miller & Daniel Close - Redfin

Michael Horwitz represented the buyer in this transaction, while the seller was represented by David Miller and Daniel Close, both of whom are affiliated with Redfin. The deal reflects a successful collaboration between the representatives and showcases the dynamics of the local real estate market.

Players

Daniel Close

Redfin

Broker

$3.1M

vol

4 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.48%

Cash-on-Cash

-4.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93